State-funded debt increased to nearly $51 billion in the
last fiscal year, a 31 percent increase since the 2002-03
fiscal year, according to new report from state Comptroller
Thomas DiNapoli.
DiNapoli urged state lawmakers to enact a new debt cap,
saying the dramatic increase "raises concerns about
the sustainability of New York's borrowing practices
Urging New York to pursue its goals aggressively without
overlooking the state's fiscal challenges, Governor Eliot
Spitzer today outlined an agenda to improve the state's
business climate and job growth, schools, universities,
health care system, and tax burden
ALBANY—Updated data on school spending and performance in New York
State, compiled by The Business Council's research affiliate, show that
New York spends more than any other state on schools on a per-pupil basis.
The updated data were compiled by the Public Policy Institute, The Business
Council's research affiliate, and posted today to at www
State-funded debt increased to nearly $51 billion in the
last fiscal year, a 31 percent increase since the 2002-03
fiscal year, according to new report from state Comptroller
Thomas DiNapoli.
DiNapoli urged state lawmakers to enact a new debt cap,
saying the dramatic increase "raises concerns about
the sustainability of New York's borrowing practices
New York remained a popular state to move out of last year,
according to one moving company's survey of interstate
moves in 2007.
The report, issued by United Van Lines, found that of the
company's 16,511 New York-related moves in 2007, nearly
60 percent involved moving New Yorkers to other states
ALBANY— Another national index has ranked New York one of the nation's
worst states to do business in.
The newest index, from Chief Executive Magazine, compiled survey
responses from 605 CEOs nationwide to find the nation's best and worst
states to do business.
CEOs were asked to evaluate their own states in several categories including
education, tax policy, quality of living and infrastructure
New York's population grew more slowly than 45 other
states between 2006 and 2007, new population numbers from
the U.S. Census Bureau show.
The numbers, released on December 27 by the Census Bureau,
show that New York's population grew by only 0
Weak long-term job growth in New York State is a function of high taxes and high government spending, so Albany's priorities in shaping next year's budget should be limiting spending growth and addressing the tax burden, Business Council president Kenneth Adams has told top state fiscal officials in Albany
Job growth in Upstate New York has increased modestly over
the past few years but remained below the average employment
growth of downstate and the nation, according to a new report
by the Federal Reserve Bank of New York.
The report, the latest in a series of reports on Upstate
New York by the bank, also attributed the region's
record-low unemployment levels to its declining population
and labor force numbers
ALBANY—New York's past economic performance
and future economic outlook are among the bleakest in the
nation, according to a new report by the American Legislative
Exchange Council (ALEC), a bipartisan association of state
lawmakers based in Washington D